Published: Fri, April 20, 2018
Markets | By Noel Gibbs

Weik Capital Management Trims Holdings in Philip Morris International (PM)

Weik Capital Management Trims Holdings in Philip Morris International (PM)

The stock decreased 16.24% or $16.47 during the last trading session, reaching $84.97. Its share price has decline -1.07% in three months and is up 5.91% for the last five trades. Philip Morris has introduced iQos into 38 markets. Shares for $1.43M were sold by FIRESTONE MARC S on Wednesday, February 21. It has underperformed by 25.48% the S&P500.

Woodmont Investment Counsel Llc decreased its stake in Wal (WMT) by 16.64% based on its latest 2017Q4 regulatory filing with the SEC.

ANALYSTS VIEWS: The current analyst consensus rating clocked at 2.2 on company shares based on data provided from FINVIZ. The Flossbach Von Storch Ag holds 6.61 million shares with $698.59 million value, up from 3.49M last quarter. The 5 months bearish chart indicates high risk for the $132.84B company. The stock decreased 0.26% or $0.2048 during the last trading session, reaching $79.0152. How much shares are traded? Year-to-date, PM has declined -18.23%, versus a 0.99% rise in the benchmark S&P 500 index during the same period. It has outperformed by 14.68% the S&P500.

Natixis reported 810,263 shares stake. FBR Capital downgraded the stock to "Mkt Perform" rating in Monday, November 28 report. On Wednesday, October 5 the stock rating was maintained by Jefferies with "Hold". (NYSE:OKE) has "Buy" rating given on Friday, March 2 by UBS. They issued a "buy" rating and a $120.00 price objective on the stock. The company was maintained on Friday, February 2 by KeyBanc Capital Markets. Cowen & Co maintained the stock with "Buy" rating in Friday, October 20 report. Sterne Agee CRT initiated the shares of V in report on Thursday, December 17 with "Buy" rating.

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Since October 26, 2017, it had 1 insider purchase, and 3 selling transactions for $15.22 million activity.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 0.97 in 2017Q3. It dropped, as 49 investors sold OKE shares while 194 reduced holdings. Glenmede Tru Na holds 943,487 shares.

A 1.3-percent rise in the S&P's financial sector, was supported by a 7.3 percent jump in American Express shares due to strong earnings as well as climbing yields. Moreover, Lombard Odier Asset Management (Switzerland) Sa has 0.04% invested in Union Pacific Corporation (NYSE:UNP). Greenleaf Trust, Michigan-based fund reported 13,519 shares. Scotia Cap invested in 0.14% or 78,356 shares. Navellier Associate owns 4,833 shares for 0.1% of their portfolio. Kistler accumulated 13,851 shares or 0.58% of the stock.

TSMC's shares fell about 5 percent, leading a host of chipmakers lower. Rhumbline Advisers invested 0% of its portfolio in Career Education Corporation (NASDAQ:CECO). 134,600 are held by Nomura Holding. Parametrica Mngmt invested in 3,586 shares or 0.24% of the stock. For PM, the company now has 8.45 billion of cash on the books, which is offset by 3.01 billion in current liabilities. Philip Morris is now down by 15.7 percent after hitting its lowest intraday level in over two years. Therefore 90% are positive. As the company's earnings slides show, Philip Morris gained 0.4% of overall market share over the prior year period, excluding China and the US. Jefferies maintained Philip Morris International Inc. (NYSE:PM) rating on Tuesday, April 10. On Thursday, February 8 the stock rating was maintained by Piper Jaffray with "Buy". As per Monday, October 3, the company rating was maintained by Goldman Sachs. Finally, Independence Bank of Kentucky acquired a new position in Philip Morris International during the 4th quarter worth about $129,000. Cowen & Co has "Buy" rating and $135.0 target. (NYSE:PM). Cypress Grp Incorporated holds 1.61% or 73,181 shares. The firm has "Overweight" rating by Morgan Stanley given on Tuesday, January 30. Citigroup maintained the stock with "Buy" rating in Tuesday, April 19 report. On Wednesday, October 5 the stock rating was maintained by Jefferies with "Hold". (NYSE:PM) for 17,573 shares.

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Bank of New York Mellon Corp increased its stake in shares of Philip Morris International by 1.5% in the fourth quarter. Its up 0.14, from 1.07 in 2017Q3. It is positive, as 55 investors sold V shares while 605 reduced holdings. 109 funds opened positions while 493 raised stakes. Amp Capital Investors holds 0.37% in Walmart Inc. Columbia Asset Management invested in 0.22% or 7,326 shares.

Industrial engineering was lifted as engineer Weir Group struck a $1.3bn deal to take over U.S. mining tools manufacturer Esco Corp and reported first quarter orders up 22% amid recuperating end markets. Train Babcock Advisors Limited Liability Company has 0.18% invested in Philip Morris International Inc. Smith Chas P Assocs Pa Cpas invested in 2.59% or 183,211 shares. Stillwater Inv Mgmt Lc accumulated 3,001 shares.

Over the past 50 days, Philip Morris International Inc. stock was -22.56% off of the high and -10.89% removed from the low. Cedar Hill Associate Ltd Limited Liability Company holds 0.18% in Philip Morris International Inc.

TSMC's US -listed shares fell 6.4 percent, while the Philadelphia SE semiconductor index tumbled 4.3 percent. Martin Currie Ltd holds 1.85% or 248,764 shares in its portfolio. Parsons Mngmt Ri has invested 0.09% in Philip Morris International Inc. (NYSE:PM) on Friday, January 19 to "Buy" rating. 39,849 are owned by Private Na. Energ Income Prns Limited Liability holds 4.38% of its portfolio in ONEOK, Inc.

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